Business discretion in gas cylinder bond amount

But it has been found that from the gas industry to the seller, they are taking arbitrary prices from the general public and spending arbitrarily even the bond. According to the brand, the industries take an average of 1500 rupees per cylinder as a guarantee to the seller. The seller should also give gas cylinders to the general public accordingly. But they only take a bond of 2000 to 3000 rupees.

The sad thing is here, the industrialists and sellers have not managed the same bond amount, they have misappropriated the money of the common people without even keeping the funds. According to the gas cylinder certification done by Nepal Oil Corporation in 078, there are 14.4 million cylinders across the country. The number of gas users and cylinders has also increased since two years.

Common people often buy new gas cylinders. They usually don't charge for it. They have to pay up to 3000 rupees for the cylinder only. But later, when the same common people have to sell, the gas seller complains that the gas seller pays by deducting the amount from the bond that he submitted earlier. Based on the corporation's data that there are 1 crore 44 lakh cylinders, more than 28 and a half billion have been embezzled from cylinders.

The warranty price of the cylinder ranges from 2200 to 3000 rupees depending on the brand of the company. If the bond amount is 28 billion 800 million rupees as a base,' a gas industrialist said, 'Generally, a separate fund should be kept, but the industrialist spends on his own in the name of income.' If the gas cylinder is closed, the industry, dealer or seller has to return the deposit amount taken from the consumer. Although the number of industries has been verified, the dealers have not been verified. Gas cylinders of various companies are sold from farmers to electrical stores. Due to the lack of certification, the consumption of bail money by the general public has increased. For this, the industrialists and the corporation itself have been ignoring it.

As soon as the bond is called, there must be funds. When there is an obligation to return, a fund should be created for it,'' said a senior official of the corporation, 'but that trend was not seen in the gas businessmen. They have spent the money as if they were selling cylinders. The official said that the corporation was also negligent. He said that the gas market could not be organized because the corporation only focused on supply.

The first thing is that the regulation itself is outdated, no attention has been paid to its revision. It is not certain how many sellers there are in Nepal, and no attention has been paid to the certification,' said the official, 'If the industry or dealer is closed tomorrow, the consumer will not be able to get the bond amount.' Expenses have been recorded. Lately, there has been a 'lobbying' on the matter of making the bonds to be bought by the general public by fixing a certain date. Assuming that the bond liability related to the cylinder has been discharged, the said amount should be declared as income and 1 percent of the total income will be taken as the final income tax. According to the source, the system of taking the bond has been removed and 'lobbying' has started in the taluk bodies to keep the bond amount at zero after the fixed time of keeping the bond amount of the former has reached 5 years.

Jyoti Baniyan, President of Consumer Interest Protection Forum Nepal, said that this kind of wrong practice started with collusion between corporations and industrialists. "If an industrialist goes bankrupt or a dealer or vendor runs away, how to return the money of the general public?" It is being tried again to correct it, the government should pay attention to that. There should be an immediate investigation and a separate fund. Madhav Timilsina, president of

Consumer Rights Research Forum, also claimed that consumers are being cheated when the monitoring body Corporation, Department of Commerce and District Administration Office do not regulate. He said that along with the industrialists, the sellers should also ask for the VAT bill. "The consumer's money will not be safe unless there is a bill," he said, "all these agencies need to be made responsible." He said that although there is no separate fund for the bail amount, if the general public wants, the amount will be returned through the dealer. We give it to the dealer or seller with a bond. We also bill them. However, the consumer does not ask for the bill from the dealer, and the dealer also charges more. They take 1500 from the industrialist and sell it to the general public for up to 3000 rupees," President Ghimire said, "When the industrialist has to return the cylinder, the cylinder deposit is returned. Consumers are not cheated. He said that emphasis should be placed on authentication to prevent consumer fraud.

It is not certain how many sellers there are in Nepal. Not verified. Chand Thapa, President of the Gas Sellers Federation, says that if the consumer does not want the cylinder, the dealer should return it to the consumer. "10-12 years ago, the price of a cylinder was between 500 and 1500 rupees, now it is up to 3,000 rupees. It will be returned after the deposit has been declared. We will refund. The company should also take it back," Thapa said. But there is confusion whether the bond amount should be given according to today's price or according to the amount of Hija's bond.'' He also stated that the bail amount cannot be used. "After taking it as a guarantee, it should be shown in a separate account as a guarantee," he said.